This morning, A-shares opened low and went high, and the overseas chain is an important long grasp.
Specifically, CRO, home appliances, power grid equipment, high-speed rail, automobiles and other sectors rose, CRRC rose 6.28%, Yutong Bus, Changhong Meiling, Jiayi shares and other stocks hit a record high, Haier Smart Home, Fuyao Glass, Sinoma International, Yangdian Technology and other stocks hit a new high.
Market participants said that "going overseas" is not only the company's second growth curve, looking at the world, "going overseas" is also the core logic of the formation of many great companies, so "going overseas" can also bring a higher valuation premium.
By the end of the morning, the Shanghai Composite Index was down 0.08%, the Shenzhen Component Index was down 0.37%, and the ChiNext Index was down 0.67%.
The concept of "Singer 2024" is on fire
The variety show "Singer 2024" will be broadcast live on the dual platforms of Hunan Satellite TV and Mango TV on the evening of May 10, causing heated discussions on the Internet. This morning, related topics once again detonated hot searches.
Catalyzed by this, two concept stocks also became popular. Mango Supermedia rose 12.22% in the morning.
Analysts said that "Singer 2024" is a continuation of the popular variety show many years ago, and this year, in the form of full live broadcast and the introduction of foreign singers PK, the attention is high, and the expectation of becoming a hit again is high.
Guoyuan Securities said that in 2023, Mango TV's annual effective broadcast volume of variety show feature films on the whole network will increase by 31% year-on-year, and the effective broadcast volume of feature films of drama dramas on the whole network will increase by 46% year-on-year, ranking first in the long video industry in terms of growth rate. In 2023, the company will complete the acquisition of Golden Eagle Cartoon, and the "four-platform" model of Mango TV + Hunan Satellite TV + Golden Eagle Cartoon + Xiaomang e-commerce will gradually take shape. In 2024, the company will reserve more than 80 film and television dramas and 100 micro-short dramas to maintain the supply capacity of high-quality dramas.
Wondershare Technology rose 5.68% in the morning. Wondershare Technology said that the opening video of "Singer 2024" is supported by Wondershare "Tianmu" technology, which has the characteristics of ultra-high definition, exquisite visual details and excellent fluency, fully demonstrating the strong strength of Wondershare "Tianmu" Wensheng Video and its leading industry application practice. It is reported that the Wondershare "Tianmu" model is the first audio and video multimedia model in China, and the public beta has been opened on April 28. The model uses advanced audio and video generative AI technology, and the Wensheng video capability realizes the coherence of different styles, rich scenes and themes, and the one-click generation time is the first to support 60 seconds+.
The aquaculture industry chain is rising
This morning, the breeding industry chain strengthened, and Shennong Group and Guanghong Holdings were among the top gainers.
Recently, the pork sector has continued to strengthen, and the logic comes from the unexpected changes in the industry. Previously, many market participants expected the pig industry to reverse the cycle and achieve profitability in the second half of the year. However, judging from the April sales briefing released by listed pig companies, some pig companies have begun to make profits. New Hope mentioned in the investor relations activities disclosed on May 8 that the company has achieved profitability in April, and it is expected that the possibility of future earnings will still be high.
CICC said that from the perspective of enterprises, the current financial pressure of pig enterprises has been at a historical extreme, and the upward period of pig prices is a key window for balance sheet repair. From an investment point of view, this round of pig enterprise market has not rushed to the pig price, and the right inflection point of the pig price is the key catalyst. The reversal of the pig cycle is expected to be strengthened, the plate has entered the layout period, and low-cost and high-elasticity pig enterprises have priority to benefit. The market switches from the production capacity on the left side of the transaction to the pig price on the right side of the transaction, and it is recommended to optimize the target of "low cost, stable capital, and high flexibility".
As of last week, according to Yongyi consulting data, the average weight of slaughter was 125.21 kg/head, a decrease of 0.46 kg/head month-on-month, an increase of 2.9 kg/head year-on-year, and the suppression margin of weight reduction on pig price rise weakened. With the seasonal improvement of consumption, it is expected that the demand for live pigs is expected to gradually recover in the second half of the year, and the short-term weight reduction may still suppress the price of live pigs, but it is good for the subsequent rise in pig prices. According to the estimation of the number of sows that can reproduce, the supply of live pigs in the first half of 2024 is still relatively sufficient, and the accumulation of the early warehouse makes the pig price off-season not light, and the price of live pigs has been adjusted with the release of inventory in the near future, but the supply of live pigs around May has reversed year-on-year, and it is expected that with the gradual weakening of the impact of weight reduction, the price of live pigs is expected to trend upward.
(The picture of the market in the article comes from the straight flush)
Editor: Zhang Lijing
Proofreader: Wang Yin
Producer: Li Ruoyu
Issued by: Sun Hong